Davis Polk & Wardwell announced last week that Thomas Reid, 46, has been elected managing partner of the firm, succeeding John Ettinger, who stepped down in February after 12 years. Mr. Reid spent the past three years serving on Davis Polk’s management committee as head of the corporate department. He has been heavily involved in Davis Polk’s financial institutions practice and international strategy, the firm said.

Mr. Reid joined Davis Polk as an associate in 1987 and became a partner in 1995. Aside from a three-year stint from 2000 to 2003 as a managing director at Morgan Stanley, he has been with Davis Polk his entire career and has spent time in the London and New York offices. Mr. Reid, who was born in Scotland, is the first managing partner in Davis Polk’s history born outside the United States.

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